Bayforest Capital Ltd Acquires New Stake in Xylem Inc. (NYSE:XYL)

Key Points

• Bayforest Capital Ltd has acquired a new position in Xylem Inc., purchasing 2,079 shares valued at approximately $248,000 during the 1st quarter.
• The stock of Xylem Inc. is currently down 1.8%, with a market capitalization of $34.57 billion and earnings per share of $1.26, exceeding analysts' expectations.
• Xylem has recently disclosed a quarterly dividend of $0.40, resulting in an annualized yield of 1.1% and a payout ratio of 43.01%.

Bayforest Capital Ltd purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,079 shares of the industrial products company's stock, valued at approximately $248,000.

Several other hedge funds have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC bought a new position in shares of Xylem in the 1st quarter valued at $694,000. Farther Finance Advisors LLC grew its position in Xylem by 30.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after acquiring an additional 419 shares during the last quarter. NBC Securities Inc. bought a new stake in Xylem during the 1st quarter worth $72,000. Cambridge Investment Research Advisors Inc. grew its position in Xylem by 19.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock worth $3,251,000 after acquiring an additional 4,429 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Xylem by 29.1% during the 1st quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock worth $507,000 after acquiring an additional 956 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XYL. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Royal Bank Of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Citigroup restated a "buy" rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Stifel Nicolaus upped their price objective on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. began coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.14.

Xylem Price Performance

Shares of NYSE:XYL traded up $1.71 on Monday, hitting $143.89. The company's stock had a trading volume of 1,593,476 shares, compared to its average volume of 1,132,611. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The company has a 50-day simple moving average of $129.44 and a 200 day simple moving average of $124.38. The company has a market capitalization of $35.02 billion, a PE ratio of 37.37, a PEG ratio of 2.51 and a beta of 1.11. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $144.83.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company's revenue was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's dividend payout ratio is presently 41.56%.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.